Tuesday, 22 July 2014
Last updated 2 hours ago
Jun 27 2008 | 11:20am ET
Multi-strategy fund of hedge funds FRM Diversified Alpha has raised £61.8 million (US$122 million) by listing on the London Stock Exchange.
The FRM Diversified Alpha fund, managed by Guernsey-based FRM Investment Management, invests in a diversified portfolio of hedge funds including equity long/short, specialist credit, relative value and directional trading.
FRM began managing diversified funds of hedge funds in January 1998 and currently manages more than US$10 billion in this strategy for institutional investors, including around 300 pension funds.
Paul Dunning, chief executive of Financial Risk Management, the group's U.K.-based investment adviser, said the fund appeals to investors looking for an equity or fixed-income substitute because of its ability to produce consistent absolute returns in various market environments.
Founded in 1991 by Blaine Tomlinson, the FRM group has more than US$15 billion in fund of hedge funds assets.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…